Robert Speht

Partner's News The Energy Hubs – Fill the Backbone report by Hydrogen Scotland member Net Zero Technology Centre highlights the emerging opportunity to export green hydrogen from Scotland into the expanding hydrogen market in Europe. Economic modelling indicates that a 10 GW scale Energy Hub in Scotland producing green hydrogen from floating offshore wind could produce hydrogen for £3.90/kg. To capitalise on this opportunity, Scotland will need to develop strategic Energy Hubs in time to meet this growing demand. https://lnkd.in/gPJgp5SC

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With New England states looking at future #offshorewind procurements, and more than 3.3 gigawatts of capacity currently planned along the East Coast through Vineyard Offshore projects alone, we're at a pivotal moment in the mission to build a clean energy economy that benefits and supports our communities. 🤝   New research from Analysis Group outlines best practices aimed at ensuring the future success of this economic strategy – including streamlining solicitation through procurement schedules, standardized contracts, regional evaluations, and flexible project milestones. 💡 Insights on how to boost the efficiency of the offshore wind industry's growth below.⤵️

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Power Sector News Roundup: Global: - UK seeks new investors for Sizewell C nuclear project - Corio Generation plans staff reductions amid offshore wind sector challenges - Meta signs agreements for 760 MW of renewable energy with Invenergy - Denmark’s largest offshore wind farm tender in the North Sea receives no bids - International Solar Alliance and USAID partner to enhance grid interconnections and promote sustainable energy - Pine Gate Renewables receives approval for 2.4GW Sunstone solar project in Oregon - EliTe Solar commissions new solar cell production facility in Indonesia - EBRD and Romania sign MoU for renewable energy projects - Construction begins for Khorlochhu Hydropower Project in Bhutan - VNG AG and HyCC to develop 500 MW green hydrogen electrolyser in Germany India: - Greenko Group appoints AFRY for design engineering services on pumped hydro project - Assam and Bihar lead in smart meter installations under RDSS - MoEFCC discusses expansion of major thermal power projects - Bondada Engineering receives Rs 1.08 billion contract for solar streetlights - KERC eases rooftop solar installation rules for consumers with loads up to 10 kW - Serentica Renewables to invest Rs 500 billion in renewable energy in Rajasthan - Ministry of Coal launches 11th round of commercial coal mine auctions - India imposes anti-dumping duty on solar glass imports from China and Vietnam - ReNew commissions 750 MW of 1 GW solar project in Rajasthan - Gautam Solar files patent for AI-based system to detect defects in solar panels - KALPATARU PROJECTS INTERNATIONAL LIMITED secures Rs 2.17 billion orders  - JSW Neo Energy wins 400 MW solar power project from NTPC Limited For detailed news, head over to Power Peak Digest. #PowerNews #PowerIndustryNews

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🏠 Lowestoft's resurgence and renewable investment drive has continued, with ScottishPower Renewables expanding its presence in the town and the Nexus project nearing completion. 🎲 Jess Asato MP has described ScottishPower confirming Lowestoft as a "long-term home for UK offshore wind" as a "game-changer" for the town, with the building to host up to 100 people and primarily be an operations and maintenance base for the East Anglia THREE offshore windfarm, which is currently under construction. 🔋 As for Nexus, which is set to create a cluster of industry bases to suit East Suffolk's offshore renewables, engineering and maritime priorities, Johnathan Reynolds said: "From my time managing OrbisEnergy and in multiple studies and projects since, we have long advocated for investment in grow-on spaces, so it’s brilliant to see this come to fruition. Nexus will be an important hub for the offshore and marine supply chain and for OrbisEnergy tenants to expand onto the wider PowerPark." 🔗 Learn more by reading the story on our website (link in comments) #offshorewind #eastanglia #windenergy #renewableenergy #netzero

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UK Energy Market Update – 19th August 2024 Gas Market: The UK gas market has opened today with the system 7 mcm/day short, driven by lower nominations from the Langeled pipeline, while UKCS production remains stable. Strong exports to the continent continue, incentivised by the NBP Day-Ahead discount to TTF. The NBP Day-Ahead price is up slightly, trading at 79.50 p/therm. On the curve, winter contracts remain firm, with continued focus on storage injections ahead of the winter season. Pan-European storage levels are strong, with a collective fill rate of 89.40%. Power Market: UK power prices are seeing mixed movements. The UK Day-Ahead Baseload is priced at £64.24/MWh, reflecting a slight firmness. However, renewable generation, particularly from wind, is expected to limit the need for gas-fired power this week, especially on Thursday, with forecasts showing up to 15,000 MWh/h of wind capacity. On the supply side, nuclear availability is impacted by planned outages at key sites, including Heysham and Torness, adding to the overall market tension. Oil & Coal: Brent crude is relatively stable, trading at $79.68/bbl, while ARA coal for Cal Y+1 remains elevated at $130.11/tonne, reflecting continued demand and supply-side constraints. Currency: The GBP/EUR exchange rate is currently at 1.1747, maintaining stability in the broader energy market context. Outlook: As we approach the end of August, the UK energy market remains focused on storage levels and the geopolitical risks that could impact supply. With cooling forecasts and robust wind generation expected, we might see some easing in power prices, but the gas market continues to be underpinned by storage and export dynamics.

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The Offshore Renewable Energy Catapult, a UK technology innovation and research centre for offshore wind, has named a former Siemens executive as its new CEO. #renewables #windpower #floatingwind RenewableUK Scottish Renewables https://lnkd.in/eu7DUURp

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Grid in the UK – a catalyst or constraint ❓ BlueFloat Energy´s Head of Project Delivery – Bellrock Offshore Wind Project, Derrick MacLeod, spoke last week at the third annual conference on Offshore Wind Transmission UK organised by Global Transmission Report in London about the offshore wind developers´ landscape to meet the UK government’s 50GW offshore wind target by 2030. BlueFloat Energy has been working with large equipment suppliers and OEMs for a long time now. In the #UK, BlueFloat Energy’s portfolio includes a combination of coordinated and developer-led grid solutions, driving the industry’s aspirations to reality. 🙋🏼‍♂️ “At BlueFloat Energy, we are at the forefront of developing technologies and solutions to build floating offshore wind at scale. In the UK, this means being active participants in the Holistic Network Design (HND) process, which encourages collaboration among offshore wind developers and Transmission Owners. Bringing online the extraordinary amount of offshore wind capacity in the UK in a coordinated way is challenging. With the right focus and commitment to coordinated solutions, grid in the United Kingdom can absolutely be a catalyst, just like we see elsewhere in other markets.” - Derrick emphasized.  ✔ #offshorewind #windenergy #electricity #energy #energytransition #energypolicy #infrastructure #transmission #distribution

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⚠️⚠️NAUTILUS INTERCONNECTOR ⚠️⚠️ The recently published proposals by National Grid Ventures (NGV) concerning Nautilus Interconnector (to connect up to 1.4 GW of offshore wind in the UK to Belgium) combined with the planning applications for ScottishPower Renewables (SPR) East Anglia One North (EA1N) and East Anglia Two (EA2) offshore wind projects reveal the hard evidence that Suffolk Coast and Heaths is in grave danger of mass industrialisation. The onshore devastation can be seen all too clearly on the map which shows kilometres of additional cable corridors gouging through our protected landscapes and a further converter station looming 24 metres high and concreting over an additional 12 acres of greenbelt land. This could impact on additional communities including Theberton, Kelsale, Leiston, Sternfield, Snape and Saxmundham. (To be clear, SEAS are not in favour of any of the onshore routing and converter siting options that have been presented by NGV. If NGV is truly committed to protecting rural coastal communities then they must bring forward a grid connection on a brownfield site.) To READ MORE ABOUT NAUTILUS go to ⬇️⬇️ https://lnkd.in/eqD9tZkS ⚠️⚠️ #offshore4sure #greatbritishgridupgrade #greenenergyrevolution #stopnationalgreed #thisisnotgreenenergy #stopnationalgrid #suffolk #stopsubstation #stopspr #greenenergydoneright #seascampaignsuffolk #heritagecoastnotenergycoast #saveourvillages #seascampaign

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Building an interlinked North Sea grid is critical to Europe’s offshore wind and net zero ambitions but making this a reality is taking the industry into uncharted waters with razor-fine margins between success and failure, says Rebecca Sedler, head of interconnectors at National Grid. #renewables #windenergy #energytransition #transmission RenewableUK WindEurope https://lnkd.in/eSnrnzjv

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RWE has secured planning committee approval for Enoch Hill 2, an extension of the Enoch Hill Wind Farm near New Cumnock in East Ayrshire, Scotland. The formal decision notice from East Ayrshire Council is expected in early 2025. The approved extension will include two wind turbines, each with a tip height of 150 metres and a capacity of 5 MW, alongside an 11 MW Battery Energy Storage System (BESS). Once operational, the project is expected to generate clean energy sufficient to power approximately 11,500 homes annually. It will also provide around £50,000 per year in community benefit funding, subject to the final installed capacity. Victoria Allen, Head of Onshore Renewables Development Scotland, stated: “We are thrilled to have secured planning committee approval for Enoch Hill 2. This project represents another step towards supporting Scotland’s renewable energy goals while delivering benefits to the community in East Ayrshire. With Enoch Hill 1 progressing, we are confident in the success of this extension, which will further enhance the region’s contribution to a sustainable energy future.” Enoch Hill 2 builds on the ongoing development of Enoch Hill 1, a 60 MW wind farm comprising 15 turbines. Construction of Enoch Hill 1 is advancing, with nine turbines fully installed and the remaining six partially erected. Major civil works are complete, and all large machinery has been demobilised. Grid connection for Enoch Hill 1 is expected by June 2025, with commissioning set to follow shortly after. A community consultation for the Enoch Hill 1 Wind Farm Community Fund is underway, with an online survey open until 12 January 2025. Results are scheduled for release in spring/summer 2025. Once fully operational, Enoch Hill Wind Farm, including the extension, will provide up to 70 MW of renewable energy capacity, supporting Scotland’s renewable energy ambitions while generating long-term value for the local community. The final investment decision for Enoch Hill 2 is expected in late 2025, with construction set to begin in spring 2026. The project is slated for completion and operation by the third quarter of 2027. RWE’s onshore wind portfolio in the UK currently includes 32 operational sites with a combined installed capacity of 735 MW. The company has an additional 168 MW under construction in Scotland and is advancing a strong development pipeline of 22 projects across Scotland and Wales. #cleanenergy

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This week we look at the government's Clean Power 2030 Action Plan, the government's latest update on REMA, NESO guidance on grid connection reform, and more. Please do share this with your contacts. To do so, you can use the embedded LinkedIn link at the base of the website article to share this week's publication directly on your profile. Below is some suggested wording to accompany your post: In this week's festive edition of the #EnergyTransition we look at: Government publishes Clean Power 2030 Action Plan; Government updates on review of energy market arrangements; and NESO publishes 'strategic alignment' criteria for grid connections #CP30 #REMA #GridReform #NetZero #EnergyTransition

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The Department for Energy Security and Net Zero (DESNZ) has released the results of the sixth Contracts for Difference (CfD) auction round. #energytransition

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From mixed reactions to recent Government announcements to notable investments in nuclear capacity and offshore wind, there are several critical developments currently shaping the energy sector. In a recent article with The Energyst, our Head of Marketing and Insight Michael Byrne shares his top 5 energy market developments ➡️ https://nbs.energy/3V3rdEI

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Octopus Renewables Infrastructure Trust (ORIT) has entered into a 10-year PPA with SKY UK LIMITED for the Crossdykes wind farm in Lanarkshire, Scotland. Sky will offtake the majority of the clean electricity produced by the 46 MW wind farm. “We are pleased to enter this agreement with Sky, which is a UK household name and a strong partner as part of the Nasdaq-listed Comcast Corporation,” said Phil Austin, Chairman of Octopus Renewables Infrastructure Trust plc. “The contract underscores the strength of our Investment Manager’s energy markets team as they implement our strategy to deliver a high proportion of fixed revenue and inflation linkage, providing added certainty to our portfolio for the long-term. Renewable energy supply deals with major corporations like Sky help meet vital targets to decarbonise their businesses.” ORIT acquired a 51% stake in Crossdykes in 2022, alongside Octopus Renewables Infrastructure SCSp (another fund also managed by Octopus Energy Generation) which acquired the remaining 49% share. OIT said the PPA will enable the sale of 69% of the output to Sky at a CPI-linked fixed price for a period of 10 years, commencing in April 2025. The agreement will increase the percentage of ORIT’s forecast revenue which is fixed over the two years to 31 December 2025 from 81% to 82%, and the percentage of forecast revenue which is index-linked over the 10 years to 31 December 2033 from 51% to 53%. The wind farm is expected to generate in total c.144 GWh of electricity per annum, which is enough to power the equivalent of around 50,000 homes and avoid around 50,000 tonnes of carbon dioxide emissions every year. #cleanenergy

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